HUB24 (HUB) H1 2026 earnings summary

Executive summary

• Achieved record net inflows of $10.7 billion, maintaining #1 position in platform net inflows for eight consecutive quarters and recognized as Australia's best platform for the fourth consecutive year.

• Delivered strong adviser adoption, with 34% of advisers using the platform and FUA per adviser rising to $24 million.

• Group underlying EBITDA reached $104.9 million, up 35% year-over-year, and statutory NPAT was $59.7 million, up 80%.

• Fully franked interim dividend of 36.0 cents per share declared, a 50% increase from the prior year.

• Launched new solutions including Private Invest, Engage reporting, and commenced development of MyHUB, an integrated advice technology ecosystem.

Financial highlights

• Group revenue rose 26% year-over-year to $245.9 million for the half, with platform segment revenue at $199.7 million, up 30%.

• Underlying EBITDA increased 35% to $104.9 million; underlying NPAT up 60% to $68.3 million; statutory NPAT up 80% to $59.7 million.

• Interim fully franked dividend of 36.0c per share, up 50% year-over-year; underlying diluted EPS up 63% to 82.9c.

• Operating cash flow was $78.1 million, up 17% year-over-year; net cash position of $27 million after borrowings.

• Platform FUA reached $127.9 billion, up 29% year-over-year; total FUA at $152.3 billion.

Outlook and guidance

• Upgraded FY27 Platform FUA target to $160–$170 billion, reflecting strong growth momentum and retention of Xplore MDA FUA.

• Group operating expenses expected to grow 18–20% in FY26, with hiring plans of up to 100 FTE in the second half.

• Ongoing investment in technology, new solutions, and expanding retirement offerings, including the upcoming launch of Lifetime Retirement Solutions.

• Ongoing EBITDA margin expansion anticipated, especially in the platform segment.

• No large transitions assumed in base case for guidance; net flows expected around $18–$20 billion annually.